Drumz increases its shareholding in Acuity Risk Management to 25%

Drumz plc (LON:DRUM) has announced that Drumz has exercised its option to acquire a further 5% in Acuity Risk Management Limited, in which Drumz already has a 20% shareholding, thereby increasing its shareholding to 25%, for a cash consideration of £125,000.

Acuity’s product STREAM™ is an Integrated Risk Manager (“IRM”) software product.  STREAM™ is used by private and public sector clients to manage their cyber security and other enterprise risks.  

Update on Acuity

Gartner, the global research and advisory firm, has identified Acuity and its product STREAM™ in major reports in 2021.

  • Gartner Peer Reviews on IT Risk Management – STREAM™ is the number one product
  • Gartner survey on Hype Cycle™ for Cyber and IT Risk Management, 2021 covers Acuity and STREAM™.

Acuity has launched a significant upgrade to STREAM™ which offers users enhancements for productivity, workflow, user management, security and audit.  Additionally, Acuity has secured ISO 27001 status, the international standard for management and protection of information assets and security.

Additionally, Acuity has been shortlisted for ‘Cyber Security Solution of the Year’ in the National Technology Awards, 2021.

Acuity’s business continues to expand, there have been two recent new business wins with a value of approximately £250,000.

Angus Forrest, Chief Executive of Drumz said:

“Cybersecurity continues to grow in importance as organisations transform using digital products and services.  We are pleased with the progress made by Acuity since our initial investment, all aspects of the business have been strengthened with further developments in progress.  Increasing Drumz’ shareholding represents a further endorsement of the management team at Acuity and I am greatly encouraged that expert commentators such as Gartner continue to rate Acuity’s STREAM™ product extremely highly.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Navigating cyber risk in a complex, chaotic world

`According to a 2020 McKinsey survey, 93% of executives were planning to increase the level of resilience across their supply chain. And as noticed in the recent SolarWinds and Kaseya hacks, vendor risk management plays a crucial role

Drumz plc developments at investee company

Drumz plc (LON:DRUM) has today announced that, Acuity Risk Management Limited, in which Drumz has a 25% shareholding has recently won several new customers for its STREAM™ Integrated Risk Manager software product which is used by private and public

Acuity becomes member of UK’s space team Athena

Acuity Risk Management, specialist provider of Risk Management solutions, is working with with Athena, the UK’s new national consortium for the space industry. Athena is a diverse and agile commercial coalition made up of Serco, Inmarsat, CGI in

Acuity becomes newest member of UK’s space team Athena

Acuity Risk Management, specialist provider of Cyber, IT and Operational Risk Management solutions, is working with with Athena, the UK’s new national consortium for the space industry. Athena is a diverse and agile commercial coalition made up of

STREAM: Integrated Risk Manager

Why STREAM? Through centralization and automation of risk management and compliance, STREAM eliminates guesswork, reduces manual processes, communicates risk in business terms and builds stakeholder confidence. The Acuity team has deep expertise and experience with risk management and

5 reasons to stop using spreadsheets to manage risk

Digital transformation was already well underway and with COVID-19, it’s now accelerating. What was a slow jog has turned into a full sprint with companies quickly adapting processes to meet the needs of the digital economy. However, many

Navigating cyber risk in a complex, chaotic world

According to a 2020 McKinsey survey, 93% of executives were planning to increase the level of resilience across their supply chain. And as noticed in the recent SolarWinds and Kaseya hacks, vendor risk management plays a crucial role

5 reasons to stop using spreadsheets to manage risk

Digital transformation was already well underway and with COVID-19, it’s now accelerating. What was a slow jog has turned into a full sprint with companies quickly adapting processes to meet the needs of the digital economy. However, many

The benefits of a risk-based approach to quality management

Every year between the 8th and 12th of November quality professionals around the world celebrate their teams’ achievements and the contributions that quality management makes to delivering business excellence. “Managing quality means constantly pursuing excellence: making sure that what your

The rising importance of holistic third-party risk management

Third-party/vendor risk management is essential to ensure that vendors do not become the weak link in your security chain. However, gaining visibility into supply chain risks is very difficult and organizations often rely on control self-assessment questionnaires in

The rising importance of holistic third-party risk management

Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award

No more posts to show